Recently, the US SEC accused Erik Voorhees, CEO, and founder of Shapeshift of public dealing of unregistered securities (shares). He stated that this is a bogus accusation, and he had to communicate with the agency for at least a year. It means he lost thousands of dollars in courtroom proceedings, money he could have invested otherwise. He could have invested …

XRP, Ripple’s cryptocurrency’s price increased to $1, after doingso 37 months ago in 2018. Due to this, the market valuation of this currency increased to $47 million. Due to this, there is a huge momentum within the community. When it was nearing the landmark (when it was $0.75), its behavior is bullish. This currency has all the opportunities to rally, …

Bank of Thailand (Central Bank) is all set to launch a digital currency in 2022. According to the Bank’s experts, stablecoins popularity can pose a threat to monetary stability in the future. So, last month, it banned Thai Baht Digital (THT), Terra’s stablecoin, stating it as an illegal entity. Instead, the bank decided to bring its own CBDC (Central Bank …

Crypto.com is one of the biggest contributors to Enjin’s private funding round for the world’s first NFT (Non-Fungible Token)-based Blockchain platform. The company raised the funding of $18.9 million for this venture. Other investors would include DFG Group. BlockTower, and Arrington XRP Capita for the project Efinity. The NFT-based Blockchain platform is created using Polkadot to offer maximum scalability to …

Ripple in a recent statement announced that it will stake 40% in an Asian firm Tranglo. Tranglo is a firm that offers ODL (On-Demand Liquidity) services to users. Ripple wanted to expand its RippleNet’s ODL feature using XRPs. The only obstacle in this collaboration is getting approvals from regulators. The biggest investor behind Tranglo is the TNG Fintech Group, and …

Visa, one of the premier payment platforms announced that it has added a new option for cryptocurrency users. It allows them to make and settle payments using USDC stablecoins that use the Ethereum Blockchain network. By doing this, the company enlisted its name among the first’s to incorporate stablecoins as a settlement currency. Earlier, it only relied on fiat money …

Bridgewater Associates Ray Dalio says that Bitcoin can run its course and become banned and criminalized by the government. According to him, the government can provide this resistance to monopolize the market, or most importantly, to control the supply and demand chain of Bitcoins. Also, the government doesn’t like to compete in the market, because the level of competition is …

Tesla is one of the leading names when it comes to cryptocurrencies, especially Bitcoins. Now, Elon Musk just stepped one step further, by announcing Tesla lovers can buy their favourite cars using Bitcoins. For processing the payment, the company will use software designed by the company’s team. This software uses Bitcoin nodes (secure computers that deal with cryptocurrency-based transactions).   …

Cryptocurrency trading exchange Coinbase settled with CFTC (Commodity Futures Trading Commission) after the latter accused the platform of engaging in self-trading of different cryptocurrency assets. According to the accusation, this platform self-traded cryptocurrencies between 2015 and 2018 through the platform’s automated trading plans.   These plans or programs can forecast how much of a particular cryptocurrency would sell on the …

MetaKovan (real name Vignesh Sundaresan), after remaining anonymous for quite some time decided to disclose his identity today. Who is he? Well, he is the buyer of Beeple’s $69 NFT (Everydays: The First 5000 Days) in the auction sale held by Christie. But that’s not it. He also founded the NFT fund Metapurse and is an active cryptocurrency user. He …